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Egypt’s domestic debt up 18% to EGP1.7 trillion in June

Egypt’s domestic debt up 18% to EGP1.7 trillion in June
Egypt’s gross domestic budget sector debt has amounted to EGP 1.702 trillion (83.7% of GDP) at the end of June, 2014, representing a rise by 17.9% from EGP 1.444 trillion in June, 2013, showed a report issued by the Finance Ministry.
According to the report, gross consolidated general government domestic debt rose 17.5% to EGP 1.602 trillion (78.8% of GDP), compared with EGP 1.363 trillion at the end of June, 2013.
Gross consolidated public domestic debt rose 17% to EGP 1.649 trillion (81.1% of GDP), from EGP 1.41 trillion.
Budget sector deposits amounted to EGP 166.386 billion and general government deposits reached EGP 176.10 billion.